CORRECTS AND REPLACES PREVIOUS VERSION
The Latvian government has presented a memorandum of undertstanding on the privatization of Latvian Mobile Telephone (LMT) and Lattelecom that it is ready to sign. A spokesman for TeliaSonera said, however, that negotiations were still continuing.
TeliaSonera, which now directly and indirectly controls just over 60 % of LMT would get 100 % control, while Lattelecom will be sold by both shareholders (TeliaSonera 49 %, the government - 51 %) to the management and staff of Lattelecom in a management buy-out. The latter is valued at around LVL 290 million.
More later, time allowing....